ClubCorp Club Operations, Inc.

Founded in 1957 under the name Country Clubs by Robert H. Dedman Sr., ClubCorp is the world's largest owner and manager of private clubs, resorts and public golf courses. The company operates 97 country clubs, three destination golf resorts and 64 business/sports clubs in 27 states and three countries. It derives revenues in its hospitality segment from membership dues and fees, food and beverage sales, golf operations and lodging facilities. The company also receives fees for managing third-party operations. In 2006, the private equity firm KSL Capital Partners, acquired ClubCorp from the Dedman family, outside investors and ClubCorp employees.